National Empowerment Fund Act, 1998 (Act No. 105 of 1998)18. Financing of Trust |
| (1) | The operating and capital expenses of the Trust will be financed by grants, loans, income generated by the Trust or money appropriated by Parliament for that purpose. |
| (2) | The Trust must utilise any money referred to in subsection (1) in accordance with the statement of estimated expenditure referred to in subsection (3). |
(3) The Trust—
| (a) | must in each financial year, at a time determined by the Minister, submit to him or her for his or her approval granted with the concurrence of the Minister of Finance, a statement of estimated income and expenditure, for the next financial year; |
| (b) | may in any financial year submit adjusted statements of estimated income and expenditure to the Minister for his or her approval, granted with the concurrence of the Minister of Finance; and |
(c) must comply with the provisions of the Reporting by Public Entities Act, 1992 (Act No. 93 of 1992).